Wondering if anyone here is into this, doing it etc?
I'm a n00b but just starting to explore the subject.
This guy has some interesting views on crypto...
He did a really good thread on NFTs recently, not sure if he has done one on crypto coins.
When I first heard about bit coin, it reminded me of the Second Life breedable secondary markets, that is it relys on newbies coming along and wanting to buy into the scheme to keep the fat cats rich.
Unless you want to launder money or conduct some kind of illegal
buisness, I wouldn't buy into the scam.
As for mining, I don't think it's worth it unless you have some kind of very powerful dedicated machine, which will probably cost more in electricity than the coins it will generate.
As for mining, I don't think it's worth it unless you have
some kind of very powerful dedicated machine, which will
probably cost more in electricity than the coins it will
generate.
How 'bout using geothermal energy?
"El Salvador announced plans on accepting cryptocurrency as
legal tender and calls for the use of geothermal energy for
bitcoin mining in the country."
"El Salvador announced plans on accepting cryptocurrency as
legal tender and calls for the use of geothermal energy for
bitcoin mining in the country."
But why? That energy could be used for powering homes / buisnesses etc, instead.
Seems like a massive waste of resources to me, for what?
Hello apam!
** On Sunday 24.10.21 - 12:29, apam wrote to Ogg:
"El Salvador announced plans on accepting cryptocurrency as
legal tender and calls for the use of geothermal energy for
bitcoin mining in the country."
But why? That energy could be used for powering homes / buisnesses
etc, instead.
Seems like a massive waste of resources to me, for what?
For powering homes I would think that there would need be an
infrastructure to distribute the power from the geothermal site
to the homes.
But only one structure that can draw power from a geothermal
vent is much simpler?
As for mining, I don't think it's worth it unless you have some kind
of very powerful dedicated machine, which will probably cost more in
electricity than the coins it will generate.
Yeah that's the thing, I can see it's doable but if you're running a low end machine at home I was also thinking the same thing
Even a high-spec PC with an Intel i9-12900k and Nvidia RTX 3090 GPU would probably be considered low-spec compared to some of the bitcoin mining rigs available. I'm not sure it would be worth it. To make some money,
I feel like a better bang for your buck might be to buy some things in thrift stores that you could resell on eBay or something.
Nightfox
Even a high-spec PC with an Intel i9-12900k and Nvidia RTX 3090 GPU would probably be considered low-spec compared to some of the bitcoin mining rigs available. I'm not sure it would be worth it. To make some money,
I feel like a better bang for your buck might be to buy some things in thrift stores that you could resell on eBay or something.
Mining has been one of the worst things to happen to personal computing
in the past couple decades.
why? Is it because of the power use and the fact that hardware (GPU
stuff) gets co-opted into that endeavor when it could be used for
gaming etc.
Mining has been one of the worst things to happen to personal computi in the past couple decades.
why? Is it because of the power use and the fact that hardware (GPU
stuff) gets co-opted into that endeavor when it could be used for gaming etc.
We haven't been able to buy a GPU from Best Buy in two years... so then companies came up with pretty cool AGPUs, built right into CPUs... and companies won't sell those separately either - you have to buy some new fangled laptop or gaming computer to get hold of one. Or play the eBayThat is why I have a PS5, but that took effort to get too.
game at elevated prices.
That is why I have a PS5, but that took effort to get too.
Yep, the main problem for gamers is it's hard to get a top of the line graphics card due to the miners buying them all. Also, they flood ebay with second hand cards when they upgrade, but don't say they were used
for mining (apparently cards used for mining aren't very desirable
because they've been pegged at 100% their whole life making them likely
to fault later)
You could farm that hard drive crypto chia i think it's called, that just uses tons of space rather than cpu/gpu, supposedly it's better for the environment, but I guess the don't account for old SSDs and HDDs filling up landfill.
We haven't been able to buy a GPU from Best Buy in two years... so then companies came up with pretty cool AGPUs, built right into CPUs... and companies won't sell those separately either - you have to buy some new fangled laptop or gaming computer to get hold of one. Or play the eBay game at elevated prices.
I'm not really a gamer so the whole thing was never really on my radar
but I agree this barks for gamers :(
TBH, I don't play a ton of games at all, either - aside from some iMac systems I don't think I've ever used anything MUCH higher than on-board Intel graphics...
But, when buying a laptop I'd love to be ABLE to grab one of those AMD APUs where the GPU is in the CPU and its pretty good - and/or just to be able to buy a middle of the road GPU from a store for a desktop... but
it seems like you can't find ANY cards.
I'm like you, for me it would be something to power a super wide
screen someday when I have enough $$ to buy that :)
Even a high-spec PC with an Intel i9-12900k and Nvidia RTX 3090 GPU
would probably be considered low-spec compared to some of the
bitcoin mining rigs available. I'm not sure it would be worth it.
To make some money, I feel like a better bang for your buck might be
to buy some things in thrift stores that you could resell on eBay or
something.
If I opted to mine some other coins would that not be as taxing on the hardware?
The top of the
line ones are in the $1000s.. so you can imagine a miner buying 5 of
those to stick in their mining computer (They actually have special motherboards that are packed with GPU slots..
What do I know... most of my computers are used Thinkpads. :P
What do I know... most of my computers are used Thinkpads. :PHaha, most of mine are second hand too, ex-office equipment mostly Dells Andrew
:P I just won 4 Thinkpad T460 machines, docks and a couple 24"
monitors from my girlfriends non-profit. They raffle them off after 3
years. Great machines... $120. :)
:P I just won 4 Thinkpad T460 machines, docks and a couple 24"
monitors from my girlfriends non-profit.
Oh nice! $120 each or for the lot? I'm guessing each?
I tend to buy second hand stuff off ebay, where I live just doesn't seem to have anything available, it all comes from Sydney or Melbourne or another Capital City.
Wondering if anyone here is into this, doing it etc?i stopped mining btc in 2013. it would have been alot smarter just to buy
I'm a n00b but just starting to explore the subject.
i stopped mining btc in 2013. it would have been alot smarter just to buy btc instead of mining it. all costs for power and gpu's are better put into crypto directly.
unless you have free power from somewhere. but still. all the hassle.
and if you want to invest in crypto currencies directly, do your homework before you spend alot of money. first make yourself aware that there is a "halvening cycle" in bitcoin and what that means for the whole crypto market.
Unless you want to launder money or conduct some kind of illegal
buisness, I wouldn't buy into the scam.
... and while you're using your gaming rig for mining, you're shortening
a live span of your hardware. All the components don't like to run that hot. CPU and GPU are at max load and the regular cooling of a desktop PC is not really that great to run at max load 24/7
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